Non-Bank Financial Institutions' Assets to GDP for India
DDDI03INA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
171.76%
Date Range
1/1/1966 - 1/1/1988
Summary
This economic trend tracks the total assets of non-bank financial institutions in India as a percentage of the country's GDP. It provides insight into the size and significance of the non-banking financial sector in the Indian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Non-bank financial institutions (NBFIs) in India include organizations such as insurance companies, pension funds, mutual funds, and housing finance companies. This metric gives a sense of the overall scale and influence of this segment relative to the broader Indian economy.
Methodology
The data is calculated by the World Bank using information reported by the Indian government and central bank.
Historical Context
Policymakers and analysts monitor this trend to assess financial stability and the evolving role of NBFIs in India's economic development.
Key Facts
- India's NBFI assets were 57.3% of GDP in 2020.
- The non-banking financial sector has grown rapidly in India since the 1990s.
- NBFIs play a key role in credit provision, especially for underserved sectors.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total assets of non-bank financial institutions in India as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the size and significance of the non-banking financial sector in the Indian economy, which is important for assessing financial stability and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information reported by the Indian government and central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the evolving role of non-bank financial institutions in India's economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent changes in the Indian NBFI sector.
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for India (DDDI03INA156NWDB), retrieved from FRED.